CBIZ (NYSE:CBZ) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of CBIZ (NYSE:CBZ) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $85.29 on Tuesday. The company has a 50-day simple moving average of $84.24 and a 200-day simple moving average of $76.31. CBIZ has a one year low of $62.65 and a one year high of $89.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 36.14 and a beta of 0.95.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in CBIZ by 1.0% during the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 125 shares in the last quarter. Corient Private Wealth LLC raised its holdings in CBIZ by 1.4% during the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock worth $778,000 after purchasing an additional 128 shares in the last quarter. Kensington Investment Counsel LLC raised its holdings in CBIZ by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock worth $1,654,000 after purchasing an additional 132 shares in the last quarter. SG Americas Securities LLC raised its holdings in CBIZ by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after purchasing an additional 170 shares in the last quarter. Finally, Huntington National Bank raised its holdings in CBIZ by 9.4% during the fourth quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock worth $182,000 after purchasing an additional 191 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.